World’s richest ‘techie’ prisoner shares the tips that other inmates and guards at jail asked him for – Times of India

Binance founder Changpeng Zhao claims that his “felon status” hasn’t discouraged people from doing business with him. In a recent interview with Bloomberg, Zhao recounted how he initially went unrecognized in prison, but his reputation for wealth and expertise in crypto soon attracted attention.
Zhao pleaded guilty to anti-money laundering charges in 2023. He was sentenced to prison in April, becoming the richest-ever US inmate. He served a four-month sentence at a minimum-security prison in California and was released earlier this year in September.
Recalling inquiries from fellow inmates and prison guards, he said “Many of them asked me which coins they should buy”. He said that he would often tell others, “I don’t have access to any information. I don’t even know what the market looks like.”

Binance founder on Elon Musk

When Zhao was still CEO, Binance invested $500 million in Elon Musk’s takeover of Twitter, now known as X. Since then, the value of the social-media platform has declined. Commenting on the direction Musk has taken X, he said “I think after Elon took over, things have moved a lot faster at Twitter. There’s new features, change happens at a much faster pace. I’m not too concerned about the value of the investment going up or down. We’re very long-term investors.”